Canada’s Richardson Worldwide to double canola crush capability at Saskatchewan plant

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Canada’s Richardson Worldwide to double canola crush capability at Saskatchewan plant

By Rod Nickel


By Rod Nickel

WINNIPEG, Manitoba, March 22 (Reuters)Richardson Worldwide plans to double its canola crushing capability at Yorkton, Saskatchewan, to 2.2 million tonnes yearly, making it Canada’s largest such plant, the corporate and provincial authorities mentioned on Monday.

Canola manufacturing has grown quickly in Western Canada, the world’s largest producer of the yellow-flowering crop. Costs final month hit all-time highs, as international demand soared for oilseeds to make vegetable oil and animal feed.

Booming North American demand for renewable diesel, a clean-burning highway gas that refiners can produce from canola oil and different feedstocks, has added to curiosity within the crop.

Privately held Richardson intends to begin development instantly and end the mission in early 2024, the corporate mentioned in an announcement. The 11-year-old Yorkton plant is within the coronary heart of Canada’s canola-growing belt, with entry to each Canadian Nationwide Railway Co CNR.TO and Canadian Pacific Railway Ltd CP.TO.

The corporate didn’t launch a value estimate.

(Reporting by Rod Nickel in Winnipeg; enhancing by Jonathan Oatis)

(([email protected]; Twitter: @RodNickel_Rtrs; 1-204-230-6043;))

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